Buckling ex-Pfizer HQ hit with multiple DOB violations last year
Largest office-to-resi conversion, led by Metro Loft, had 7 infractions last year
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New York
New York’s luxury new development market is on fire
Contracts for $10M+ doubled from 2025
Residential
Chicago
Chicago homes are flying off the market as buyers bid above ask
Median listing lasted 27 days, with some homes landing contracts in 48 hours as inventory shortages fuel fierce competition
Politics
Los Angeles
Sorting out Measure ULA proposals as City Council balks on ballot measure
Elected officials, activists spinning plans at state, local level as developers stay focused on housing consequences
Commercial
Texas
Texas distress report: $900M in CRE loans flagged for auction in July
Distress at S2 Capital is behind one-third of this month’s troubled loans
Residential
New York
Alexander brothers swept into contraband probe at Brooklyn detention center
Charge against jailed lumberyard owner sheds light on Oren, Tal, Alon’s life behind bars & more in notes from a resi reporter
Residential
National
How a courtroom showdown in Chicago could reshape residential real estate
Plus, the Jills Zeder Group’s rise to the top, the tenant groups running NYC and more national real estate news this week
Commercial
Texas
S2 Capital dissolves $400M first fund with “no return of capital”
Founder Scott Everett also asked investors for $100M to help transfer viable assets into new fund
Brand Studio
GL Homes raises the bar for luxury living with the new Lotus Edge clubhouse
Elevating the Boca Raton lifestyle
Commercial
New York
“They loved debt”: How the Shabselses’ play to leverage a half-billion-dollar summer camp empire spiraled into bankruptcy
Lenders, investors and parents still searching for answers about surprise financial collapse that followed default in Israel’s bond market
Buckling ex-Pfizer HQ hit with multiple DOB violations last year
Largest office-to-resi conversion, led by Metro Loft, had 7 infractions last year
Michael Shabsels lists Westhampton home for $75K a month
Summer camp investor seeks tenant amid bankruptcy scandal
David Werner, Metro Loft’s Pfizer HQ at risk of collapse
“Extremely dangerous situation”: Mamdani on scene at massive office-to-resi conversion
Prana Investments’ NYC multifamily portfolio faces 14 foreclosure lawsuits
San Francisco-based firm splashed out $83M on rent-stabilized properties
Meet the developers behind the Pfizer building conversion
David Werner, Nathan Berman behind project with structural concerns
NYCHA plumber’s $465K payday sparks probe into outside work
Public housing supervisor logged major overtime while operating businesses
Tyler Herro lists Pinecrest estate after trade to Milwaukee Bucks
Miami Heat swap involving Giannis Antetokounmpo was finalized Monday
$32M Surf Club Four Seasons condo under contract to flip for big profit
Number of deals is dropping on weekly basis as temperatures rise across South Florida
Miami developer under fire in Kushner’s Albania resort debacle
Artur Shehu at center of disputed land deals, organized crime allegations
Negroni restaurants seek bankruptcy with $330K-plus in rent claims
Bickell, Doral locations of popular chain owe landlords Codina, CitizenM
“Great cities have city halls”: Fort Lauderdale approves $217M municipal development
Divided commission voted to develop ground up instead of purchasing existing
Waldorf Astoria set to take over W South Beach
Reuben Brothers’ hotel will temporarily close Aug 20 for renovations
Videos
Collapse fears at NYC biggest conversion
The hidden cost of New York's pied-à-terre tax
Inside the Multifamily Squeeze: Political Risk, AI & Operations in 2026 | TRD Roundtable
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The Secret Real Estate Power Game in St. Barts | Coffee Talk with Michael Gross
NYC’s $1.8B housing voucher fight, explained
"Mayor Mamdani calls: What's your plan to fix NYC housing?" | Victor Sigoura answers
NYC's New Pied-à-Terre Tax Explained
The downfall of Kanye's Malibu mansion
New York City Freezes Rent on Nearly 1 Million Apartments
Coffee Talk | Real Estate's Most Powerful Voices, Unscripted
Stefan Soloviev wants to break his own office rent record
Landlord-tenant dispute turns deadly
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From Lawyer to Luxury Developer | Salon Series with Victor Sigoura
Has Miami's branded condo boom gone too far?
Trump-pardoned investor to revive $3B Miami megaproject
Is the Obama Presidential Center revitalizing Chicago, or pricing people out?
How a Summer Camp Empire Raised $200M — Then Imploded Months Later
Christie’s SoCal goes counter-intuitive with luxe condo development division
High-end product remains a hot spot in market but new projects will face test from high construction costs, Measure ULA
Elon Musk’s former Bel Air estate hits market with $20M markup
Tesla CEO offloaded property in 2020 at about 60 percent of current list price of $50M
PwC ditches DTLA for Century City, inks 150K sf lease at Irvine Company tower
Accounting firm will vacate offices owned by Uncommon Developers
Sorting out Measure ULA proposals as City Council balks on ballot measure
Elected officials, activists spinning plans at state, local level as developers stay focused on housing consequences
Embattled OC real estate investor pleads not guilty to $100M bank fraud
Mahender Makhijani remains in custody after being slapped with $1.3B payment in separate civil fraud case
Habitat for Humanity pitches affordable for-sale homes in South Gate
Similar projects from Habitat underway across LA as region leads country in affordable housing push
How flip-flopping Chicago Bears stadium plans left real estate players in limbo
NFL franchise owners and Illinois politicians are at an impasse as team threatens move to Indiana
PGIM cashes out of Chicago apartments for $125M
RPM Living snagged the 324-unit high-rise just shy of its $126M asking price as city's supply crunch continues to fuel multifamily demand
Chicago homebuyers staring down tight seller’s market
Median home sale prices are at their highest ever as Chicago bucks national trend
R2 scoops West Loop office building at 44% discount
Firm paid $17.6M for 600 West Fulton Street after Bolton Group deal fizzled
Frank Gehry-designed “Icehenge” desk up for auction in Chicago
7-ton emerald-glass centerpiece from Inland Steel Building could fetch up to $200K after architect’s death
Glencoe mansion seeks $7M in bid to crack off-lakefront pricing record
Home’s pricing reflects growing demand in the luxury northern Chicago suburb
Santa Clara County property values hit record high $760B
Residential resilience drove most tax roll growth while commercial appeals mount
Lennar, TPG pick up entitled resi development site in Saratoga for $110M
Construction for 52 homes, 12 ADUs expected to begin this week
Prometheus picks up Sunnyvale apartments for $70M as AI-driven housing crunch tightens in Silicon Valley
Developers, investors see promise in city amid new regional tech boom
Ken Mattson has a trial date. Silicon Valley’s office recovery has momentum.
A federal judge set an April trial for the Sonoma developer, and the AI boom pushes down office vacancy across the Bay Area
SF brokers have a new question for homebuyers: Got an extra million?
City recorded 144 homes selling for at least $1M over asking this year, a 1,700% year-over-year increase
Sunset Development taps for Bishop Ranch resi
San Ramon mixed-use neighborhood in midst of 8K-unit housing push
Texas distress report: $900M in CRE loans flagged for auction in July
Distress at S2 Capital is behind one-third of this month’s troubled loans
S2 Capital dissolves $400M first fund with “no return of capital”
Founder Scott Everett also asked investors for $100M to help transfer viable assets into new fund
Prudential splits Dallas presence with leases at Trammell Crow Center, 23Springs
Financial giant is leaving Ross Avenue offices for new Downtown and Uptown space as TCC shores up occupancy ahead of Goldman Sachs' exit
The Lone Star State’s data center debate
Plus, Bill Hutchinson found liable for sexual assault, San Antonio broker gets slapped with federal indictment and more Texas real estate news
Tesla leases 683K sf speculative industrial building amid Central Texas expansion spree
Elon Musk’s burgeoning Texas fiefdom continues to sweep the Austin area
Toyota commits to San Antonio plant expansion with $4 billion plan
Automaker plans nearly 3M-square-foot assembly plant as city, county kick in $178M in incentives
States defeat Trump administration in HUD homelessness funds case
Judge rules shift regarding Continuum of Care program was “unreasoned”
Trump raked in billions last year, including real estate riches
Disclosures reveal at least $2.2B windfall for president
Barry Sternlicht raises $10B for fund eyeing data center push
Starwood invested more than $100M into largest-ever fund
Welltower’s $821M CEO payday sparks backlash despite blockbuster run
Shankh Mitra’s buying spree turned healthcare REIT into $160B giant
Boston
Lincoln Property pays $61M for office campus in Boston suburb
Developer picks up seven-building Wakefield complex with redevelopment potential
Denver
Centerspace takes 48% hit on Denver apartment sale to Four Peaks
Supply outweighing demand in slumping Golden Triangle submarket
How low can it go? Two decades of Chinese home price growth erased by ongoing crash
No end in sight as housing prices fall for 35th straight month
Home flippers descend on Hong Kong
Prices jump 10% YoY following elimination of taxes on flips, spec in 2024
Barclays drops nearly $1B to buy its London HQ
Lender the latest to shift from renter to owner of office space
Manchester United takes step towards $2B+ stadium project
Soccer club buys majority of land needed for development
Charles Kushner ruffles berets as French ambassador
First year in gig included two summonses, which he ignored
Dolce & Gabbana eyeing sale-leaseback for Milan properties
Fashion brand seeks to raise liquidity, refinance debt
New York
Bronx neighborhoods lead NYC housing market growth in second quarter
Norwood, Fieldston saw triple-digit growth in median values
National
U.S. government pivots to sell-off: Federal agency sells $614M worth of real estate
Amid high maintenance costs, the federal government is trimming its owned property portfolio
New York
NYC home sellers mostly profited in 2025 — except in Manhattan
Citywide median resale gains hit $70K last year
New York
“The math has stopped working”: NYC home flipping drops as state legislators propose new tax
State legislators are targeting home flippers, even as the market cools amid rising renovation costs
Texas
Texas housing boom pushes further north
New home sales explode 61% in Celina, the nation’s fastest-growing city
National
Investors pull back from housing market as political, economic pressures mount
Institutional players make up just 2% of Q1 homebuyers across country
San Francisco
SF brokers have a new question for homebuyers: Got an extra million?
City recorded 144 homes selling for at least $1M over asking this year, a 1,700% year-over-year increase
Los Angeles
Christie’s SoCal goes counter-intuitive with luxe condo development division
High-end product remains a hot spot in market but new projects will face test from high construction costs, Measure ULA
Los Angeles
Elon Musk’s former Bel Air estate hits market with $20M markup
Tesla CEO offloaded property in 2020 at about 60 percent of current list price of $50M
New York
Michael Shabsels lists Westhampton home for $75K a month
Summer camp investor seeks tenant amid bankruptcy scandal
South Florida
Palm Beach mansion flip finds buyer with asking price of $12M-plus
Buyers signed 16 contracts totaling $92M last week
San Francisco
Santa Clara County property values hit record high $760B
Residential resilience drove most tax roll growth while commercial appeals mount
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Chicago
Frank Gehry-designed “Icehenge” desk up for auction in Chicago
7-ton emerald-glass centerpiece from Inland Steel Building could fetch up to $200K after architect’s death
San Francisco
Sunset Development taps for Bishop Ranch resi
San Ramon mixed-use neighborhood in midst of 8K-unit housing push
Texas
Tesla leases 683K sf speculative industrial building amid Central Texas expansion spree
Elon Musk’s burgeoning Texas fiefdom continues to sweep the Austin area
South Florida
Waldorf Astoria set to take over W South Beach
Reuben Brothers’ hotel will temporarily close Aug 20 for renovations
New York
NYCHA plumber’s $465K payday sparks probe into outside work
Public housing supervisor logged major overtime while operating businesses
Boston
Lincoln Property pays $61M for office campus in Boston suburb
Developer picks up seven-building Wakefield complex with redevelopment potential
New York
Meet the developers behind the Pfizer building conversion
David Werner, Nathan Berman behind project with structural concerns
South Florida
“Great cities have city halls”: Fort Lauderdale approves $217M municipal development
Divided commission voted to develop ground up instead of purchasing existing
South Florida
BH, Apollo Cos buy out Related Group’s stake in Aventura mixed-use project
Plans for site call for residences, hotel with retail space
Tri-State
Namdar Group grabs additional financing in Jersey City
Affinius Capital supplies $180M debt for Journal Square project
Charlotte
Brooklyn Village site in Charlotte changes hands twice in two month span
Charlotte-based First & Early partners acquired 700 and 800 East Brooklyn Village Avenue for $24.3M
Tri-State
Azorim secures financing for final phase of Yonkers complex
Western Alliance Bank provides loan for 174-unit building